Sensex ends 563pts up at 60,656, Nifty above 18,050; L&T, HUL rise up to 3%

CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent

1:06 PM

L&T hits record high on hopes of strong order inflows, stock rises 4%

Shares of Larsen & Toubro (L&T) soared 4 per cent to hit a new high of Rs 2,214 in Tuesday’s intra-day trade, on expectation of strong order inflows and improved execution. The stock of engineering & construction company surpassed its previous high of Rs 2,210.50, which it had touched on December 16, 2022. In comparison, the S&P BSE Sensex was up 0.65 per cent at 60,482 at 12:28 PM. Read here

12:51 PM

Chinese EV makers gearing up to challenge Tata Motors' dominance in India

Tata Motors, which dominates the electric passenger vehicles space in India with a market share of around 85 per cent, is likely to face challenges this year from two Chinese companies looking to acquire one-third of the domestic EV market, The Financial Express reported on Tuesday. Read more

12:40 PM

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January. Read here

12:21 PM

IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside

Stocks hitting new 52-week highs are considered as the most strength-driven stocks, especially during the times of uncertainty and volatility. Few stocks in the Nifty 500 index have recently succeeded in recording fresh highs, signifying a positive momentum which has outdone the current distorted sentiment. Read more

12:09 PM

Nykaa hits new low; stock plunges 10% in two days on heavy volumes

Festivities in Q3FY23 did bring some cheer to internet companies but the mood remains relatively sombre with inflationary macroeconomic environment denting demand uptick, according to analysts. READ MORE
 

11:59 AM

RBI proposal on loan loss provisions to raise bank capital needs: Analysts

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said. READ MORE
 

11:52 AM

Market Check:: Midcap, Smallcap indices slip into red

11:37 AM

Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month

On December 21, the board approved an issue of 6 million warrants, each convertible into 1 equity share of the company at a price of Rs 212.05 to allottees other than promoters. READ MORE
 

11:29 AM

Rupee depreciates 31 paise to 81.89 against US dollar in early trade

The rupee depreciated 31 paise to 81.89 against the US dollar in early trade on Tuesday weighed down by a rebound in American currency and firm crude oil prices. READ MORE
 

 

11:21 AM

Subsidies, better road connectivity attracting global investors: Maha CM

Having signed MoUs worth Rs 1.36 lakh crore with global investors in just two days here, Maharashtra Chief Minister Eknath Shinde on Tuesday said the 'magnets' that have worked in favour of his state include promise of subsidies, faster clearances and an impressive road infrastructure. READ MORE
 

11:08 AM

BSE 500:: Nykaa, Can Fin Homes, UCO Bank among top losers

Nykaa down over 4.5 per cent was the top loser among the BSE 500 stocks. Can Fin Homes, Manappuram Finance, UCO Bank and Punjab & Sind Bank, down 3 -4 each were the other prominent losers so far on Tuesday.
 

10:59 AM

Global Check:: Asian shares exhibit mixed outing

Source: Yahoo Finance

10:47 AM

Ceat is planning to invest in off-highway tyres segment: Anant Goenka

At Ceat we wanted to grow in our international business, and our OEM customers were becoming more and more exacting in their specifications, said Goenka. READ MORE
 

10:39 AM

Indus Towers hits 52-week low in firm market; slips 10% in one month

Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers. READ MORE
 

10:31 AM

BSE 500:: Minda Corp, Redington, Adani Green among top gainers

Minda Corp up over 5 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Redington, IIFL Finance, Jyothy Labs and Adani Green, up around 3 - 4 per cent.